Trias has been performing well during this bear market. Making continous higher highs and higher lows. Now we can see many bullish signals once more: - Resistance zone turned into support - Candles inside FIB Golden pocket - Hammer candlestick - Candlesticks touching lower end of the 2023 channel. If price moves at the same speed and within the same range as...
If we see another retest of this channel that means we would see BTC drop as low as $21k. Should Bitcoin then follow the channel it would give us a $250k value of Bitcoin somewhere between now and the summer of 2025. What do you think? Would this make you happy?
Could be a good investment strategy if you plan on holding exactly 365 days. However, on a bad year you'll have a REALLY bad year.... What will 2023 bring?
$TRIAS showing a nice bullish buildup since September 2022 and doesn't seem to be slowing down. Next resistance around $6.34 and after that it could be smooth sailings to $11. Time will tell. Be looking to buy on any pullback.
What's more likely? I believe these are two scenario's we need to be looking at in the coming days.
- 21EMA curling above 50 EMA - Broke support - Bullish structure after consolidation - Last time price reacted like this from the support and EMA's we saw a nice move towards the resistance zone around $21.50. I see this likely to happen again. 4R/R trade
- Multiple support bounces - Bullish engulfing - Breaking through 21 & 50 EMA TP: $18 for 3R/R trade
- Bounce off of strong support - Massive capitulation candle down - Bullish momentum on the 1h chart TP1: $0.4950 for 2R/R trade. TP2: $0.5125 for 3R/R trade
- Trendline touch confirmed - Move down after run up was too fierce - Strong resistance Nice 2R:R setup
Little late to post this, but it still might be a good entry if NEAR retraces to $3.73-isch level.
- Big resistance zone - 50 EMA rejection - Bullish structure - Weak move up Followed by a long entry on the HTF support Or if you prefer the bearish bias, wait to close until we reach +/- $34
70% drops have occured in bear markets. If we fail to hold $30k, $20K is imminent in my opinion...
- Broke resistance, flipped support - Looking for a retracement to the support & .382 FIB level for a nice entry - MACD showing positive signs with a consistent histogram
Near broke out of the ascending triangle with large volume. Possibility of entering this trade now, but I would wait for a retest to complete the support/resistance flip and enter there. What are your thoughts?
- Green support zone - 21 EMA - Golden fibonacci zone STOCH RSI could indicate further downward movement. If we see the fast/blue line cross the orange line, with a bullish candlestick, I'd consider that a valid entry.
- RSI bullish divergence - Trendline flipped - FIB 0.5 level
Range scalp trade with very little risk given the state of the move before;< Expecting a pullback
- General bearish momentum - Inside golden pocket - Touching 21 EMA - Slight bearish divergence on RSI Could possible move further towards resistance zone before retracing. If we see it break there and make a higher high, we could see bullish continuation.